TAC: US fiscal balance collapsed at all levels of government in a generation
MOSCOW, November 25 – RIA Novosti. In just one generation, the United States’ finances collapsed at all levels of government, for that matter. says In an article published in The American Thinker.
Especially the situation in New York is mentioned. In fiscal 2023, the city is expected to collect $73.3 billion in taxes and spend $101.1 billion. The city receives $16.8 billion in state grants and another $9.3 billion from the Treasury. “In other words, without the papers, New York went bankrupt,” the magazine writes.
It was also reminded that the US national debt is now $30.6 trillion and Social Security and all insurance funds are bankrupt.
“Only one generation has completely ruined the financial balance of the United States. The next generation will have to jump over their heads to leave a valuable country for their children,” summarizes The American Thinker.
Read the full text of the article on the website InoSMI >>
Source: Ria
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